eBay (NASDAQ:EBAY) Price Target Raised to $46.00 at The Goldman Sachs Group

eBay (NASDAQ:EBAY) had its target price boosted by The Goldman Sachs Group from $38.00 to $46.00 in a research note issued to investors on Friday, Marketbeat.com reports. The Goldman Sachs Group currently has a sell rating on the e-commerce company’s stock.

Several other brokerages have also recently issued reports on EBAY. Wells Fargo & Company lowered their price target on eBay from $57.00 to $55.00 and set an equal weight rating on the stock in a research report on Thursday, August 1st. Jefferies Financial Group lifted their price target on eBay from $50.00 to $55.00 and gave the company a hold rating in a research report on Thursday, May 30th. Bank of America lifted their price target on eBay from $53.00 to $57.00 and gave the company a neutral rating in a research report on Thursday, August 1st. Mizuho lifted their price target on eBay from $44.00 to $49.00 and gave the company a neutral rating in a research report on Thursday, May 2nd. Finally, Truist Financial raised their price objective on eBay from $48.00 to $50.00 and gave the stock a hold rating in a research note on Monday, May 6th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, eBay presently has an average rating of Hold and an average target price of $56.65.

eBay Stock Performance

EBAY traded up $1.96 during trading hours on Friday, hitting $56.62. The company’s stock had a trading volume of 1,930,054 shares, compared to its average volume of 5,732,625. eBay has a fifty-two week low of $37.17 and a fifty-two week high of $57.68. The firm has a market capitalization of $28.42 billion, a PE ratio of 11.07, a PEG ratio of 2.58 and a beta of 1.31. The company has a 50-day simple moving average of $53.73 and a 200 day simple moving average of $50.41. The company has a current ratio of 1.25, a quick ratio of 1.99 and a debt-to-equity ratio of 1.12.

eBay Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, August 30th. eBay’s dividend payout ratio (DPR) is currently 21.51%.

Insider Activity

In related news, SVP Edward O. Garcia sold 986 shares of eBay stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $52.85, for a total transaction of $52,110.10. Following the completion of the sale, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, SVP Edward O. Garcia sold 986 shares of the firm’s stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $52.85, for a total transaction of $52,110.10. Following the transaction, the senior vice president now owns 37,126 shares of the company’s stock, valued at $1,962,109.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Julie A. Loeger sold 7,419 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $54.20, for a total transaction of $402,109.80. Following the completion of the sale, the senior vice president now directly owns 70,797 shares of the company’s stock, valued at $3,837,197.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,488 shares of company stock worth $565,910 in the last ninety days. Corporate insiders own 0.38% of the company’s stock.

Hedge Funds Weigh In On eBay

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of eBay by 7.7% during the 1st quarter. Vanguard Group Inc. now owns 62,929,188 shares of the e-commerce company’s stock worth $3,321,403,000 after acquiring an additional 4,524,934 shares in the last quarter. Mirova US LLC raised its position in shares of eBay by 2.1% in the second quarter. Mirova US LLC now owns 9,170,829 shares of the e-commerce company’s stock valued at $492,657,000 after purchasing an additional 189,505 shares during the period. Victory Capital Management Inc. raised its position in shares of eBay by 12.5% in the second quarter. Victory Capital Management Inc. now owns 7,536,843 shares of the e-commerce company’s stock valued at $404,879,000 after purchasing an additional 838,969 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of eBay by 22.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,248,438 shares of the e-commerce company’s stock worth $272,551,000 after buying an additional 1,141,288 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in shares of eBay by 1.5% during the 1st quarter. LSV Asset Management now owns 5,488,460 shares of the e-commerce company’s stock worth $289,681,000 after buying an additional 83,493 shares during the period. 87.48% of the stock is currently owned by institutional investors.

About eBay

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company's marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.